Idaho Strategic Resources, Inc. (IDR) SEC Filings & Earnings Calls

Wildfire caused mill shutdown for ~8 days, impacting processing time.

“wildfire caused the New Jersey mill to shut down and evacuate from approximately June 16th to June 24th” · word for word

Transitional zone in H-vein with lower grades but higher tonnages; mining method change required.

“transitional zone hosts slightly lower gold grades but higher tonnages” · word for word

Wildfire disruption

“Milling operations were affected by a wildfire adjacent to the mill in June where access to the mill was blocked for one week.” · word for word

Grade variability

“Gross profit as a percentage of sales decreased slightly from 57.8% in the three-month period ended June 30, 2025 to 56.2% in the three-month period ended June 30, 2026 due to lower grade processed.” · word for word

All-in sustaining cost increased 30.55% YoY to $1,868.07/oz, potentially pressuring margins if gold price declines.

“All-In Sustaining Cost Per Ounce $1,868.07 vs $1,430.90 prior year.”

Cost inflation pressure

“Cash cost per ounce increased $344.11 as input costs increased slightly.”

Sustaining capital increase

“All in sustaining cost per ounce increased $449.02 due to an increase in sustaining capital related to core drilling at the Golden Chest Mine.” · word for word

All-in sustaining cost per ounce increased 28.3% to $1,891.79, outpacing production growth; cost inflation could pressure margins if gold prices decline.

“All-In Sustaining Cost Per Ounce ($USD) $1,891.79 28.3% $1,474.05” · word for word

Concentrate sales exposure to final settlement price adjustments

“At December 31, 2025, metals that had been sold but not final settled included 6,103 ounces of gold of which 5,089 ounces were sold at a predetermined price with the remaining 1,014 ounces exposed to future price changes until prices are locked in based on the month of settlement.” · word for word

Dependence on single mine (Golden Chest) for production

“The Company’s primary focus as it relates to its gold properties is to continue to grow production at the Golden Chest Mine” · word for word

Exploration and development spending increases AISC

“All-in sustaining cost per ounce increased $417.74 compared to 2024 due to increased exploration at the Golden Chest which also increased sustaining capital.” · word for word

All-in sustaining cost per ounce increased 64% YoY to $2,444, significantly outpacing gold price increase of 48%, indicating cost inflation pressure.

“All-In Sustaining Cost Per Ounce ($USD) $2,444.06 64.03% $1,490.05” · word for word

Exploration and construction activities require significant cash reinvestment, potentially impacting near-term free cash flow.

“The Company continues to reinvest a significant amount of cash flow back into the business via drilling and other exploration programs” · word for word

Rare earth elements segment is early-stage with permitting and exploration risks; management acknowledges volatility in domestic critical minerals companies.

“permitting is underway for expanded exploration work in 2026, including drill permitting at both Mineral Hill and Lemhi Pass; volatility in some domestic critical minerals companies” · word for word

Cost inflation

“Cash cost per ounce for the three and nine-month periods ended September 30, 2025 increased $315.26 and $174.98 per ounce, respectively, compared to the same periods in 2024.” · word for word

Exploration expense volatility

“Exploration expense increased $2,712,860 and $5,441,150 when comparing the three and nine-month periods ended September 30, 2025 and 2024, respectively.” · word for word